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WASHINGTON, April 5 - Armando Falcon Jr., the top regulator of Fannie Mae and Freddie Mac, the two mortgage finance giants that have struggled through accounting scandals, announced on Tuesday that he would step down next month after a tumultuous...

WASHINGTON, Dec. 22 - They sat across from each other in a mahogany and velvet booth at one of those power-lunch restaurants near the White House: the top executive of the nation's fourth-largest financial institution and the little-known director of...

WASHINGTON, Oct. 6 - Nearly a year ago, Armando Falcon Jr. was on Capitol Hill defending the existence of his agency, the Office of Federal Housing Enterprise Oversight, the awkwardly named overseer of mortgage-backed giants, known by an acronym that...

Federal regulators released a scathing report Wednesday on the corporate culture that fostered improper accounting at Freddie Mac, the same day that they announced that the company had agreed to pay a $125 million penalty and to take measures to...

In what Freddie Mac hopes is another step away from its accounting troubles, the company announced yesterday that Richard F. Syron, a former top Federal Reserve executive and a former president of the American Stock Exchange, would serve as its new...

Freddie Mac announced yesterday that its review of its finances would take longer than expected and that it now expected that its reported earnings over three years were off by about $4.5 billion or more. The announcement came as the head of the...

Federal regulators proposed yesterday that the board of Freddie Mac treat two top executives who left the company in June as if they were fired, a move that would strip them of more than $50 million in severance and other benefits. If the board...

Federal regulators have discussed the possible ouster of the chief executive of Freddie Mac, Gregory J. Parseghian, with members of the company's board, a government official said yesterday. Directors have talked in recent days about current...

A federal regulator said today that he would begin a special review of accounting at the mortgage finance company Fannie Mae, saying accounting problems at a rival mortgage buyer, Freddie Mac, made the review prudent. ''While I do not have...